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Nov 28, 2012
11/12
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brazil does the opposite. and what we're going to see just as china's investment growth muddles, brazil's consumption growth is likely to -- is equally unlikely to deliver the same rates of growth it has delivered over the past decade. we'll be lucky, i think, to get growth of 3%, 3.5% without deep structural reform. >> what kind of reforms are needed? is it something that needs to happen from the top down? or is it about encouraging from bottom up? >> it's mainly top-down reform. raise the domestic savings rate to rebalance government spending from things like wages and pensions and towards public sector investment and infrastructure and so on. tax reforms, clean up the business environments, a whole host of reforms that need to be undertaken. i think the government is starting to make moves in this direction, which is good. but these reforms have been taking a long time to take hold. and we're not going to see an immediate difference. >> how much does brazil suffer if the fact that argentina is itself suffer
brazil does the opposite. and what we're going to see just as china's investment growth muddles, brazil's consumption growth is likely to -- is equally unlikely to deliver the same rates of growth it has delivered over the past decade. we'll be lucky, i think, to get growth of 3%, 3.5% without deep structural reform. >> what kind of reforms are needed? is it something that needs to happen from the top down? or is it about encouraging from bottom up? >> it's mainly top-down reform....
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Nov 19, 2012
11/12
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china will, you know, continue to be on its rapid growth pattern and as will countries like india and brazil, europe will be impacted just like we were when european business travel was cut in this past year. we have a big high degree of enter dependency on each other's economies in this global environment that we're in. >> meek, thank you very much. thanks for getting up early to speak to us. i know it's very early still for you. mike mccormick, executive director of the global business travel association. >>> i want to bring you up-to-date with flashes hitting the wires. up rest in israel and palestine, you're seeing the german foreign minister to travel to israel according to government spokesman to meet with palestine's abbas again according to a government spokesman. so more international leaders are traveling to the region to try to increase the peace talk negotiations. up next, we're live in tel aviv as international pressure mounts for a cease-fire in gaza. having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and my daughter loves the santa. oh,
china will, you know, continue to be on its rapid growth pattern and as will countries like india and brazil, europe will be impacted just like we were when european business travel was cut in this past year. we have a big high degree of enter dependency on each other's economies in this global environment that we're in. >> meek, thank you very much. thanks for getting up early to speak to us. i know it's very early still for you. mike mccormick, executive director of the global business...
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Nov 26, 2012
11/12
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economies overrelying on china like brazil or australia or south korea, these will be areas that will benefit from that chinese improving story. >> as we go through -- because as we go through the fiscal cliff chats, how much will we swing around? >> i think the fear has peeked. 1395 is an important level that we got back up above last week. now, this is an important support level. we've ben testing it a bit this morning. they only have until mid-december really before congress breaks up, so at that point, i think we'll be pretty clear on how it will shape up. >> so as we're saying, congress returns from thanksgiving break with talks to resolve the cliff. with no action by lawmakers and president obama, $600 billion in tax hikes and spending cuts would take effect in january. republicans and democrats at odds on calls to raise taxes on americans and cuts on programming like medicare. both sides publicly saying they're willing to compromise. >> we've got to raise additional revenues including tax rates on the wealthy. >> those have to go up. >> they have to go up either real tax rates
economies overrelying on china like brazil or australia or south korea, these will be areas that will benefit from that chinese improving story. >> as we go through -- because as we go through the fiscal cliff chats, how much will we swing around? >> i think the fear has peeked. 1395 is an important level that we got back up above last week. now, this is an important support level. we've ben testing it a bit this morning. they only have until mid-december really before congress...
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Nov 8, 2012
11/12
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snacks business which is split off from kraft foods earlier in year blamed missteps in countries such as brazil and russia for the miss. it assured the issues should be resolved by the end of the year. u.s. grocery chain whole foods has posted third quarter profits in line with forecasts. total sales jumped 24% in the period as consumers continue to switch towards organic produce. however the company did warn investors sales have been hit by the impact of hurricane sandy which left many of their customers without power. and that sent shares lower in after hours trade as you can see there, shedding about nearly 3%. we'll keep an eye on that. and just when new york city thought it was all over, a nor'easter called athena has smacked the tri-state area overnight dumping inches of snow over some of hurricane sandy's hardest hit areas. wind and heavy snow have brought down you power lines and electrical wires and thousands who lost power because of sandy just lost it all over again. now, caroline roth joins us from zurich because over in zurich, swiss re has reported results that have cheered the ma
snacks business which is split off from kraft foods earlier in year blamed missteps in countries such as brazil and russia for the miss. it assured the issues should be resolved by the end of the year. u.s. grocery chain whole foods has posted third quarter profits in line with forecasts. total sales jumped 24% in the period as consumers continue to switch towards organic produce. however the company did warn investors sales have been hit by the impact of hurricane sandy which left many of...
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Nov 22, 2012
11/12
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going on there, but if you look at exportses in to china from the likes of australia, from the likes of brazil, actually they're doing pretty bad. you are seeing a little bit of stabilization pick up from the likes of taiwan and korea, which does suggest that more sort of consumer electronic type of pick up there. but there our point of view, china has had a credit bubble. it looks like a property bubble. these things just don't end well. they just don't. and the broader point about china and actually asian companies in general, but particularly north asia, is that their current margins have been shrinking for years and years. so they knew that top line growth in nominal gdp in order to get profits. but that's been shrinking very fast. down 17% year on year. >> which is a good reason why the chinese market and others have been a sticking underperformer. we'll pause there because that's what you don't like. you quite like fixed income and in europe. so we'll get into that. more to come from you. financial times has named wolfgang stables as it top finance minister of a year, but he's made a bit
going on there, but if you look at exportses in to china from the likes of australia, from the likes of brazil, actually they're doing pretty bad. you are seeing a little bit of stabilization pick up from the likes of taiwan and korea, which does suggest that more sort of consumer electronic type of pick up there. but there our point of view, china has had a credit bubble. it looks like a property bubble. these things just don't end well. they just don't. and the broader point about china and...
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Nov 21, 2012
11/12
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we opened in australia, brazil, vancouver three weeks ago. we're going to open in south africa on thursday. this week. >> you're keeping busy. >> we're nearly going to have a shop open somewhere 24 hours a day, that's the plan. we've got a couple more places to go. >> all right. phillip green talking to me about his results. now, the national labor relations board says it won't be able to act in time to stop worker protest and rallies outside walmart stores on thanksgiving and black friday. a group called our walmart is seeking better pay and benefits, it's affiliated with the yietded food and commercial workers union. last week, walmart filed a complaint with the nlrb, saying the workers group and ufcw were attempting to disrupt its business. a new survey by the consumer electronics association finds 60% of u.s. adults say they will shop this weekend. they plan to spend on average $218 on gifts between thursday and monday. a third will brave the crowds at the stores. 20% apparently will shop online. so how are you feeling about the holiday s
we opened in australia, brazil, vancouver three weeks ago. we're going to open in south africa on thursday. this week. >> you're keeping busy. >> we're nearly going to have a shop open somewhere 24 hours a day, that's the plan. we've got a couple more places to go. >> all right. phillip green talking to me about his results. now, the national labor relations board says it won't be able to act in time to stop worker protest and rallies outside walmart stores on thanksgiving and...
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Nov 5, 2012
11/12
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., china and latin america especially brazil. we believe these companies will have the growth margins, bmw trading at nine tames earnings. yield 4%. and volkswagen around six times earnings. japanese car companies are having issues in china. and some of the fwer man manufacturers are very well positioned. >> leveraging consumer growth for em -- >> luxury goods, some of the car companies we believe are very well positioned and clearly over the next ten years that is going to continue and china will intend the decade just working on empowering domestic consumer. >> you you added those stocks to your portfolio. apple is now down 1% from its record. certainly bear market territory. you've just added this, you've just bought into apple. >> yes, we bought into equities. some of the large cap, a lot of opportunity for the profit margins, a lot of free cash flow and we believe the whole innovation and growth in the produ product, likely to continue the stock prices. >> and the u.s. potential changes to dividend rates, that doesn't interf
., china and latin america especially brazil. we believe these companies will have the growth margins, bmw trading at nine tames earnings. yield 4%. and volkswagen around six times earnings. japanese car companies are having issues in china. and some of the fwer man manufacturers are very well positioned. >> leveraging consumer growth for em -- >> luxury goods, some of the car companies we believe are very well positioned and clearly over the next ten years that is going to continue...
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Nov 9, 2012
11/12
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>> if you saw the numbers on the back of the deal that we've done in brazil and with a we're doing in china, this gets us very close 50%. >> what's the key to cracking a deal in india? you've been talking to him since some people said 1998. is that right? >> these things do take time, but this is an industry where you have discussions all the time and explore opportunities. sometimes they come to fruition, sometimes they don't. but this is a traction that we've been keen to pursue and i'm delighted that we can now have this partnership about that. >> and one more point when it comes to india, we also know they have high excise duty, import duties. especially in the case of spirits. would you like to see those reduced, is in a an important part of the future for the spirits industry in that country? >> i would certainly like to see those exice tax levels and import duties reduced. i believe that would make the global brands far more accessible to the consumers in india a. so that would be good and part of free trade negotiations that would be ongoing, but i'm optimistic, yes. >> we'll
>> if you saw the numbers on the back of the deal that we've done in brazil and with a we're doing in china, this gets us very close 50%. >> what's the key to cracking a deal in india? you've been talking to him since some people said 1998. is that right? >> these things do take time, but this is an industry where you have discussions all the time and explore opportunities. sometimes they come to fruition, sometimes they don't. but this is a traction that we've been keen to...